ame Class Date: est Chapters 21 -22 S2018 9. Twenty percent (20%) of Flanders Industries sales are cash sales. Flanders Industries collects 35% of its sales on ccount in the month of the sale, and 65% in the month following the sale. Sales are budgeted to be S 175,000 for May and 225,000 for June. What are the budgeted cash receipts from sales for June? Show work in an organized format nswer: of material @ S110 .00 per Model 2000 is 15 nounds Begins by estimating the quantity of sales Problems 23. Finch Company hogu3fhc ar Fieted o April June $217,600 1,000 2,000 500 Manufacturing costs (I) Insurance expense (2 Depreciation expense Property tax expense (3) $156,80 1,000 2,000 $195,200 1,000 500 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred; one-fourth is paid in the following month. r times yearly in the f quarter, (i.e., January, April, July, and October). (3) Property tax is paid once a year in November. (12 pts.) The cash payments expected for Finch Company in the month of April are: (SHOW WORK)